A Quote by Tom Perez
The Department of Labor's final conflict of interest rule will ensure that America's workers and retirees receive retirement advice in their best interest.
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Labor Day 2013 is special. This year marks the centennial of the U.S. Department of Labor - 100 years of working for America's workers.
There is a good chance Donald Trump won't survive four years. Conflict of interest is the biggest danger for Trump. He is destroying one of the pillars of the free world. He is seeking to eliminate the very concept of conflict of interest. A lot of things in America were built on a code of honour. I am confident the damage done by ruling through family and friends will be made impossible by future regulation.
In general, the best advice I can give people is to take criticism seriously, apologize for anything you have done wrong, and pull back from conflict. Of course, if you are right on a content matter, you should press forward in the interest of quality, but conflict often has a way of taking on a life of its own, unfortunately.
Obviously, people feeling that their government is responsive to them is in the best interest of the United States. It's in the best interest of the U.K., it's in the best interest of countries all over the world.
Never take a loan against your retirement! When you pay interest against your retirement, you cost yourself interest.
The human interest, and the natural interest, and the spiritual interest of this planet need to begin to take a priority over the corporate interest, the military interest, and the materialistic interests.
As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.
As such people achieve influence within the organization, whenever there is a conflict between their own interest and the interest of the organization, their interests will win out.
Now, it's high time for all those that have an influence on the parties with the conflict to understand that it is in the interest of everybody to put an end to this conflict. But this kind of persuasion, this kind of intense pressure, I believe it's my duty to do, even if I recognize that the contradictions and the different perceptions of interest that exist are making it very difficult.
The government has departments to deal with the special interest groups that make themselves heard and felt. A Department of Agriculture cares for the farmers' needs. There is a Department of Health, Education and Welfare. There is a Department of the Interior - in which the Indians are included. Is the farmer, the doctor, the Indian, the greatest problem in America today? No - it is the black man! There ought to be a Pentagon-sized Washington department dealing with every segment of the black man's problems.
I would draw a really big distinction between competition, or potential competition, and a conflict of interest. A conflict of interest implies wrongdoing, whereas competition is really healthy.
There is no self-interest completely unrelated to others' interests. Due to the fundamental interconnectedness which lies at the heart of reality, your interest is also my interest. From this it becomes clear that "my" interest and "your" interest are intimately connected. In a deep sense, they converge.
The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.
We must ensure that every worker has healthcare and is able to save for their retirement. We must ensure that our workers have safe and health working conditions.
It is not competition, but monopoly, that deprives labor of its product. Destroy the banking monopoly, establish freedom in finance, and down will go interest on money through the beneficent influence of competition. Capital will be set free, business will flourish, new enterprises will start, labor will be in demand, and gradually the wages of labor will rise to a level with its product.
Those laws, being forged for universal application, are in perpetual conflict with personal interest, just as personal interest is always in contradiction with the general interest. Good for society, our laws are very bad for the individuals whereof it is composed; for, if they one time protect the individual, they hinder, trouble, fetter him for three quarters of his life.
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